Part A: Exploratory Data Analysis

16 Jul Part A: Exploratory Data Analysis

Open the files for the Course Project and the data set.

•For each of the five variables, process, organize, present and summarize the data. Analyze each variable by itself using graphical and numerical techniques of summarization. Use Excel as much as possible, explaining what the results reveal. Some of the following graphs may be helpful: stem-leaf diagram, frequency/relative frequency table, histogram, boxplot, dotplot, pie chart, bar graph. Caution: not all of these are appropriate for each of these variables, nor are they all necessary. More is not necessarily better. In addition be sure to find the appropriate measures of central tendency, the measures of dispersion, and the shapes of the distributions (for the quantitative variables) for the above data. Where appropriate, use the five number summary (the Min, Q1, Median, Q3, Max). Once again, use Excel as appropriate, and explain what the results mean.

•Analyze the connections or relationships between the variables. There are ten (10) possible pairings of two (2) variables. Use graphical as well as numerical summary measures. Explain the results of the analysis. Be sure to consider all 10 pairings. Some variables show clear relationships, whereas others do not.

 

Report Requirements

•From the variable analysis above, provide the analysis and interpretation for three individual variables. This would include no more than one graph for each, one or two measures of central tendency and variability (as appropriate), the shapes of the distributions for quantitative variables, and two or three sentences of interpretation.

•For the 10 pairings, identify and report only on three of the pairings, again using graphical and numerical summary (as appropriate), with interpretations. Please note that at least one pairing must include a qualitative variable, and at least one pairing must not include a qualitative variable.

•Prepare the report in Microsoft Word, integrating graphs and tables with text explanations and interpretations. Be sure to include graphical and numerical back up for the explanations and interpretations. Be selective in what is included in the report to meet the requirements of the report without extraneous information.

•All DeVry University policies are in effect, including the plagiarism policy.

•Project Part A report is due by the end of Week 2.

•Project Part A is worth 100 total points. See the grading rubric below.

 

Submission: The report, including all relevant graphs and numerical analysis along with interpretations

 

Format for report:

A.Brief Introduction

B.Discuss the first individual variable, using graphical, numerical summary and interpretation.

C.Discuss the second individual variable, using graphical, numerical summary and interpretation.

D.Discuss the third individual variable, using graphical, numerical summary and interpretation.

E.Discuss the first pairing of variables, using graphical, numerical summary and interpretation.

F.Discuss the second pairing of variables, using graphical, numerical summary and interpretation.

G.Discuss the third pairing of variables, using graphical, numerical summary and interpretation.

H.Conclusion

 

Part A: Grading Rubric

Category

Description

Three individual variables—12 points each 36 36 Graphical analysis, numerical analysis (when appropriate), and interpretation

Three relationships—15 points each 45 45 Graphical analysis, numerical analysis (when appropriate), and interpretation

Communication skills 19 19 Writing, grammar, clarity, logic, cohesiveness, adherence to the above format

Total

100 100 A quality paper will meet or exceed all of the above requirements.

 

 

 

 

Part B: Hypothesis Testing and Confidence Intervals

The data file includes four hypotheses labeled a. – d.

a. Mean sales per week exceeds 41.5 per salesperson

b. Proportion receiving online training is less than 55%

c. Mean calls made among those with no training is less than 145

d. Mean time per call is greater than 15 minutes

1.Using the same data set from Part A, perform the hypothesis test for each speculation in order to see if there is evidence to support the manager’s belief. Use the Seven Elements of a Test of Hypothesis from Section 7.1 of your textbook, as well as the p-value calculation from Section 7.3, and explain your conclusion in simple terms.

2.Compute confidence intervals (the required confidence level is included with the speculations) for each of the variables described in A–D, and interpret these intervals.

3.Write a report about the results, distilling down the results in a way that would be understandable to someone who does not know statistics. Clear explanations and interpretations are critical.

4.All DeVry University policies are in effect, including the plagiarism policy.

5.Project Part B report is due by the end of Week 6.

6.Project Part B is worth 100 total points. See grading rubric below.

 

Format for report:

•Summary Report (about one paragraph on each of the speculations a. – d.)

•Appendix with the calculations of the Seven Elements of a Test of Hypothesis, the p-values, and the confidence intervals—include the Excel formulas used in the calculations.

 

Part B: Grading Rubric

Addressing each speculation—20 points each 80 80 Hypothesis test, interpretation, confidence interval, and interpretation

Summary report clarity

20 20 One paragraph on each of the speculations

Total

100 100 A quality paper will meet or exceed all of the above requirements.

Part C: Regression and Correlation Analysis

Use the dependent variable (labeled Y) and the independent variables (labeled X1, X2, and X3) in the data file. Use Excel to perform the regression and correlation analysis to answer the following.

1.Generate a scatterplot for the specified dependent variable (Y) and the X1 independent variable, including the graph of the “best fit” line. Interpret.

2.Determine the equation of the “best fit” line, which describes the relationship between the dependent variable and the selected independent variable.

3.Determine the coefficient of correlation. Interpret.

4.Determine the coefficient of determination. Interpret.

5.Test the utility of this regression model. Interpret results, including the p-value.

6.Based on the findings in Steps 1-5, analyze the ability of the independent variable to predict the designated dependent variable.

 

7.Compute the confidence interval for β1 (the population slope) using a 95% confidence level.  Interpret this interval.

8.Using an interval, estimate the average for the dependent variable for a selected value of the independent variable. Interpret this interval.

 

9.Using an interval, predict the particular value of the dependent variable for a selected value of the independent variable. Interpret this interval.

10.What can be said about the value of the dependent variable for values of the independent variable that are outside the range of the sample values? Explain.

 

In an attempt to improve the model, use a multiple regression model to predict the dependent variable, Y, based on all of the independent variables, X1, X2, and X3.

11.Using Excel, run the multiple regression analysis using the designated dependent and three independent variables. State the equation for this multiple regression model.

12.Perform the Global Test for Utility (F-Test). Explain the conclusion.

13.Perform the t-test on each independent variable. Explain the conclusions and clearly state how the analysis should proceed. In particular, which independent variables should be kept and which should be discarded. If any independent variables are to be discarded, re-run the multiple regression, including only the significant independent variables, and summarize results with discussion of analysis.

14.Is this multiple regression model better than the linear model generated in parts 1-10? Explain.

15.All DeVry University policies are in effect, including the plagiarism policy.

16.Part C report is due by the end of Week 7.

17.Part C is worth 100 total points. See grading rubric below.

Summarize your results from Steps 1–14 in a three-page report. The report should explain and interpret the results in ways that are understandable to someone who does not know statistics.

Submission: The summary report and all of the work done in 1–14 (Excel output and interpretations) as an appendix

Format for report:

A.Summary Report

B.Points 1–14 should be addressed with appropriate output, graphs, and interpretations. Be sure to number each point 1–14.

 

Part C: Grading Rubric

Description

Steps 1–12 and step 14, worth 5 points each 65

65

Addressed with appropriate output, graphs, and interpretations

Step 13 15 15 Addressed with appropriate output, graphs, and interpretations

Communication skills 20

Writing, grammar, clarity, logic, and cohesiveness

Total

 

100 100 A quality paper will meet or exceed all of the above requirements.